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Which of the following forms of discharge of a party’s contractual obligations occurs (1) when a contract is assigned to a third party; (2) the original parties agree that a new contract is formed; and (3) the obligor-assignor is released from further legal responsibility?

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Which of the following forms of discharge of a party’s contractual obligations occurs (1) when a contract is assigned to a third party; (2) the original parties agree that a new contract is formed; and (3) the obligor-assignor is released from further legal responsibility?






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